eBay Share Price Boosts From Sales Jump -- Finspreads
LONDON -- (Marketwire) -- 01/17/13 -- Finspreads -- The Christmas
period proved to be a successful one for eBay, as the internet
marketplace's share price jumped before the end of trading yesterday
(January 16th) on the New York Stock Exchange.
Source: eBay share price boosts from sales jump
In the last three months of the year, the company saw strong demand,
with sales rising by 18 per cent to $3.9 billion (GBP 2.5 billion)
compared to the previous quarter.
On Cyber Monday (November 26th), which is historically seen as the
beginning of the festive shopping season, transactions on eBay's
mobile applications doubled year-on-year, while PayPal payments
The firm claims the growing popularity for making purchases via
smartphones helped boost activity, while PayPal payments generated
the greatest growth totaling $1.5 billion in revenue.
At close of play on the technology-heavy Nasdaq last night, eBay
shares rose by 0.7 per cent to $52.90 per unit, while the index
itself rose by 0.2 per cent -- or 6.7 points -- finishing on 3117.5
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